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Thursday, 23 August 2012

Kilo Goldmines drills 5,200 metres at Imbo project

Junior resource company Kilo Goldmines (CVE:KGL) finished 27 holes and has so far drilled 5,200 metres at its Imbo project, the company said.

The company started drilling in April on the Manzako and Kitenge prospects, and once done it said it would move two rigs to the Senegal and Canal blocks.

Highlights from the total planned 10,000 metre diamond drill program include, two holes drilled to targeted depth along the 2,200 metre long Manzako prospect. Fifteen holes were also drilled to targeted depth along the 1,500 metre long Kitenge prospect.

The company plans to drill 10 holes to evaluate the gold potential at the Senegal block, and 14 holes on the Canal prospect. It expects to start drilling next month.

Kilo also said soil sampling has delineated anomalous gold-in-soil values associated with the Manzako, Kitenge and Senegal prospects. Twenty samples returned values between 1060 and 1960 parts per billion of gold (1.06 and 1.96 g/t Au respectively).

In addition, a "large, virtually untested 14.42 ha area with elevated and anomalous gold-in-soil values" has been discovered between Manzako and Kitenge in at least 10 northwest-trending targets, it added.

Kilo said soil sampling and geological mapping is focused on areas showing de-magnetization as well as linear magnetic structures to delineate new drill targets.

The Manzako prospect, which was mined for gold in the 1940s and 1950s, is now being tested for several parallel structures with current drilling focused on a 1,600 metre strike length with a 160 metre space drill hole toward the southwest.

Twelve holes, to date, have been completed to a target depth delivering some 2,270 metres of drill core, the company said.

Gold mining started on the Kitenge block in 1942, while historical records show production at Manzako and Kitenge totalled 80,000 gold ounces.

At Kitenge, drilling is targeting a 1,500 metre strike length of a gold-bearing structure with holes toward the southwest.

Most of the drill holes, however, have also intersected mineralized quartz veins and Kilo plans to report results when assays become available.

These Manzako and Kitenge, Senegal and Canal prospects fall within a 5 kilometre radius of the company's Adumbi resource, and collectively form the Imbo project. The Imbo project resides on one (PE9691) of the eight properties that Kilo has exploitation rights for, and forms part of the greater Somituri project.

There are plans to complete soil sampling programs on all eight permits in 2012.

Kilo Goldmines is a Canadian gold explorer that has over 7,000 square kilometres of Archaean Kabalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.